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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (19275)8/13/1998 10:27:00 AM
From: J. P.  Read Replies (1) of 50167
 
Thank you for your detailed answer.

I am encouraged that you agree with me as to the importance
of the 200 day moving average, and had a detailed thesis to support
it that I agree with totally. As you stated, the last four years
the market has respected the 200 dma. We are there now, and I'm
betting this is a pivot point on another leg UP. (I'm not a perma-
bull, just trying to do what the market tells me to do). To go
short here would be unthinkable to me right now, based on historical
market action.

Keep up the excellent work!
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